The dynamics of the 'Great Gatsby Curve' and a look at the curve during the Great Gatsby era

Diego Ezequiel Battiston, Stephan Maurer, Andrei Potlogea and José V. Rodríguez Mora

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: We use linked historical US censuses to study the empirical relationship between inequality and intergenerational mobility. We first confirm that the 'Great Gatsby Curve' already existed in the early 20th century. We then study a 'dynamic' version of the curve that relates changes in equality to changes in intergenerational mobility. Interestingly, we find that this relationship varies over two-decade periods for income but remains consistent for education. Finally, we propose novel unitless measures of intergenerational mobility and inequality to show that the 'Great Gatsby Curve' result re-emerges over the long run, for the period 1920 to 2011.

Keywords: intergenerational mobility; inequality; Great Gatsby Curve (search for similar items in EconPapers)
JEL-codes: J62 N12 N52 R11 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2023-06-20
New Economics Papers: this item is included in nep-his
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http://eprints.lse.ac.uk/121316/ Open access version. (application/pdf)

Related works:
Working Paper: The dynamics of the 'Great Gatsby Curve' and a look at the curve during the Great Gatsby era (2023)
Working Paper: The Dynamics of the “Great Gatsby Curve”, and a look at the curve during the Great Gatsby Era (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:121316

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